Often we lose sight of some of CFE assets once it has been through the TS float and dilute process of cash extraction but EUR has made some interesting announcements of recent.
Moved up to 11M tonnes at an average of 1% Lithium @ $9000 in the Wolfsberg project, this will take the value of the in ground up to just under $1B USD ($1.3M AUD) of which CFE owns 15% ($150M USD or $197M AUD).
I know it is a long way off production ready and it is an 'iron in the fire', but nearly $200M AUD in Lithium has to make the market cap of 25M somewhat undervalued even outside of the Cobalt play and potential.
CXU looks abandoned on Hotcopper.
CFE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
